The exponential distribution is a probability distribution for a random variable measured as a rate of an event occurring.

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The statement accurately describes the exponential distribution. It is commonly used to model the time between events occurring, such as the time between customer arrivals at a store or the time between phone calls at a call center. The distribution is characterized by a parameter λ, which represents the rate at which the events occur. The probability density function for the exponential distribution is f(x) = λe^(-λx) for x ≥ 0.

The Exponential Distribution Is a Probability Distribution for a Random